I don't think so. Check that pic I posted. If you owned that monstrous vault full of gold, would you distribute it into the economy?Originally Posted by thoughtomator
I'm thinking, probably not.
I don't think so. Check that pic I posted. If you owned that monstrous vault full of gold, would you distribute it into the economy?
I'm thinking, probably not.
- Don't lie.
- Don't cheat.
- Don't steal.
- Don't kill.
- Don't commit adultery.
- Don't covet what your neighbor has, especially his wife.
- Honor your father and mother.
- Set aside a day of rest for church, family and friends.
- Don’t use your Higher Power's name in vain, or anyone else's.
- Do unto others as you would like to be done to.
"For the love of money is the root of all evil..."
I Timothy 6:10, KJV 1611
One can hope.
Not if you own a legal tender counter fitting operation.
If sound money is implemented - it will have to be circulated out of necessity...even if it takes a while.
If it isn't in your possession, ownership is simply a question mark. People should remember how we got into the fiat dollar mess: fake receipts for gold. You know, the little peices of paper with dead Presidents, they are actually receipts.
Last edited by awake; 03-06-2012 at 05:10 PM.
Since 1933, they are not receipts representing something - they are Reserve Notes, representing nothing.
Naaaaaah... no way. "Circulated out of necessity.." What are you gonna do, hold a gun to their head? If I owned that vault, I would be laughing my ass off at the idea of me being forced to circulate my wealth. Wouldn't happen.
Last edited by Jamesiv1; 08-25-2012 at 09:39 AM.
- Don't lie.
- Don't cheat.
- Don't steal.
- Don't kill.
- Don't commit adultery.
- Don't covet what your neighbor has, especially his wife.
- Honor your father and mother.
- Set aside a day of rest for church, family and friends.
- Don’t use your Higher Power's name in vain, or anyone else's.
- Do unto others as you would like to be done to.
"For the love of money is the root of all evil..."
I Timothy 6:10, KJV 1611
They represent debt. There's a bond attached to each one.
Even worse than nothing.
There is no bond attached to any of them, so you'll have to explain what you are thinking.....
I believe he means that people will demand real money (gold/silver) in exchange for goods/services, thus forcing gold into circulation.
My music/art page is here"government is the enemy of liberty"-RPThat which doesn't kill me has made a grave tactical error
You're kidding right?
Every Federal Reserve note created is issued as TENDER for the debt/bond that is issued in opposition.
Ying = bond, yang = the currency
You can't seriously expect us to take you seriously on matters of economics if you don't even have an elementary grasp of modern money mechanics.
Last edited by Seraphim; 03-06-2012 at 05:44 PM.
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